Brokerages Expect Hub Group Inc (NASDAQ:HUBG) to Announce $0.79 Earnings Per Share

Equities analysts forecast that Hub Group Inc (NASDAQ:HUBG) will report earnings per share (EPS) of $0.79 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Hub Group’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.75. Hub Group posted earnings of $0.77 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The firm is scheduled to announce its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Hub Group will report full-year earnings of $3.36 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.45. For the next year, analysts anticipate that the firm will post earnings of $3.45 per share, with EPS estimates ranging from $3.15 to $3.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Hub Group.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. Hub Group had a return on equity of 11.40% and a net margin of 5.69%. The company had revenue of $921.16 million during the quarter, compared to analysts’ expectations of $973.45 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year.

Several brokerages have recently issued reports on HUBG. Morgan Stanley reduced their price objective on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. ValuEngine upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Stephens set a $53.00 price objective on Hub Group and gave the stock a “buy” rating in a research note on Friday, September 27th. BidaskClub upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. upgraded Hub Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $51.00 to $60.00 in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $53.27.

In other news, Director Charles R. Reaves sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total value of $211,050.00. Following the completion of the transaction, the director now directly owns 67,127 shares in the company, valued at $2,833,430.67. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.94% of the company’s stock.

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Hub Group by 2.3% in the third quarter. Envestnet Asset Management Inc. now owns 16,099 shares of the transportation company’s stock worth $749,000 after acquiring an additional 367 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Hub Group during the third quarter worth approximately $429,000. Peregrine Capital Management LLC lifted its position in Hub Group by 3.4% during the third quarter. Peregrine Capital Management LLC now owns 380,811 shares of the transportation company’s stock worth $17,708,000 after buying an additional 12,427 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its position in Hub Group by 1.1% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 301,276 shares of the transportation company’s stock worth $14,009,000 after buying an additional 3,371 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Hub Group during the third quarter worth approximately $217,000. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Hub Group stock traded down $0.12 during midday trading on Friday, reaching $48.43. The company’s stock had a trading volume of 254,100 shares, compared to its average volume of 256,435. The stock’s 50-day simple moving average is $45.43 and its 200-day simple moving average is $42.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.23 and a quick ratio of 1.23. Hub Group has a 52-week low of $34.02 and a 52-week high of $49.35. The stock has a market capitalization of $1.60 billion, a P/E ratio of 18.56 and a beta of 1.60.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

See Also: Are analyst ratings accurate?

Get a free copy of the Zacks research report on Hub Group (HUBG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hub Group (NASDAQ:HUBG)

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.